10.4.07

MFM & BRM

MFM = My first MATH of this series where MiamiDon managed to dominate yet a third time. Well done Miami, you Vegas Pro. I finished 9th out of 52 which got me to the final table. But before I could even sit down, I was knocked out. I was in the SB with 10h3h and called the 400 chips (400-800) (I guess I could have folded?). There was myself, MiamiDon in the BB and NewinNov on the button. The flop came 9-10-J rainbow (1 heart) and I checked (maybe I should have just pushed right there?). With 2900 in the POT NewinNov bet 2900. I had about 6100 chips left and really felt like I had the best hand. So I pushed, Miami folded and after after some thinking, NewinNov called with 9-Q. He had bottom pair and an open ender. I was right, however, I was not that big of a favorite with 2 cards to come. The turn brings a King and I am done. GG me. I'll take 9th and another final table. I am really starting to feel like I can take one of these down very soon. I know there are still a ton of leaks that I need to fill... it's the "how" that I seem to struggle with... but the bottom line is - hard work.
Another great turn out and a huge prize pool. I currently sit in 22nd out of 138 which, to me, isn't too shabby for only playing in 2 of the first 4 events. See you at the Mookie.
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BRM = Bank Roll Management. This is something that has always been in the back of my mind as I continue to nurse my original deposit that I had once increased by 14 times. Since then, I have been back and forth a bit, but have lost about 1/5th of that BR in the last 1.5 months. It has been to any game in particular. I have been running ok in the odd SnG, and have picked up the odd token here and there. I have tried a handfull of times to qualify for the 30k with no luck thus far. I was reading MiamiDon's post about the $14 token frenzy a few nights ago, so when I saw that Hoy and CracknAces were playing in it, I decided to give it a try. In these, the top 15 spots get a $75 token which are great for the Big Game coming up this Sunday. I am not sure if I will be there this time, but I am going to start stock piling these things because trust me when I say they are full of DONKS. Coming from me, that is saying a lot. I won't even get into how dumb people are in these things but let's just say I was doubling up with over pairs with ease, and making people lay down hands and running for the hills regularily. Again, coming from me... let's get serious here. I would say out of the 82 people, MORE than half of them were complete and utter morons.

Ok so back BRM. I guess it all comes down to picking the right games. Picking the right tournament, with the affordable buyin and playing in the them only when I am in the right frame of mind. I mean really, what is the point in wasting $11-$50 on a night where I am really just bored and not into it at all. Overall, I have not fallen into that trap. I just need to keep reminding myself from time to time to stay within my means, in order to continuously increase my BR. I look back at this post and remember that I had said that I would remove some of my bank roll at the end of March... and then I won the Bloggerpods event. Now I am not one to back out of what I have said, but this time... I will. I just don't see the point. Does anyone? I mean why should I withdraw 4/5th's of my current BR and just cash out when I have come this far in so little time? I feel that the only way to survive the highs and lows is to have that cushion in the account. To have a little something to fall back on when I go card dead. We all do. It is a fact, there are times when you are card dead, and there are times when you feel like you can't be beat.
I don't plan on playing much other than these blogger events, however I do find myself wanting to push further for bigger and more lucrative cashes. Don't we all? So enough with the promises. It's time for some new goals. Some actual measurable poker goals. I am going to work on them before I just hammer them down here without truely asking myself if they are achievable. However, in time, I plan on taking the necessary steps to plan out the best methods to continuously grow that BR. If anyone has any tips or tricks, please pass them on. This is the first time I have really had to consider BRM as I can feel that if I don't grab control of it now... all my hard work over the past 3 months could be for nothing. However, just identifying that I have to be aware of this fact will drive me to ensure that it never, ever happens and when I do finally cash out, it will be of Hoyazo proportions. Nice work Hoy!

2 comments:

lightning36 said...

Good job at the MATH last night. I am pretty disappointed in my finish, considering how well I was doing earlier. Couldn't catch what I needed and lost virtually every hand at showdown at the end.

Maybe we'll be playing in a token tourney together. I won a $75 once by winning an $8 satellite for the $24 token, then geting into a $24 satellite to win the token for The Big Game. That is a tough route to go, though. So many ways to get donked out.

Better get your token -- you have people betting on you!

Alan aka RecessRampage said...

I think BRM is very very important... actually, it might be the most important trait of a successful poker player. I used to pull money out here and there but I no longer do. Not that I have a lot in my account but in the beginning of this year, I had close to 4 figures. Now, I'm close to 5 figures... no cents included. But I haven't pulled anything out.... ok, partly because Neteller is gone but also because I want to build a sufficient bankroll to play in higher levels. I currently play 2-4NL and I have more than 20 buy-ins which I am comfortable with. I remember Chris Ferguson saying that when your buy-in is 10% of your roll, it's definitely time to step down a level. I think he said that you want the buy-in to be around 5% of your bankroll. I think that gives you enough cushion to withstand the pluses and the minuses of this cruel game.

I look forward to your new revised goals!